CCC GlobalCom and Choctaw Communications Mutually Agree to Cancel Letter of Intent to Acquire Choctaw Communications.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Sept. 3, 2002 CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. GlobalCom Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCGC CCGC Canadian Coast Guard College CCGC Canadian Coast Guard Cutter ) announced today that Choctaw Communications Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , and CCC GlobalCom Corporation have mutually agreed that CCC GlobalCom Corporation will not purchase Choctaw Communications Inc. The letter of intent between CCC GlobalCom Corporation and Choctaw Communications Inc. was contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. audit and called for the close of the transaction on or before Aug. 31, 2002. CCC GlobalCom Corporation is an Integrated Communications Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) headquartered in Houston. CCC GlobalCom Corporation offers a full range of communications services to commercial and residential customers while providing a single point of contact through bundled billing services. CCC GlobalCom Corporation provides local, long distance, high-speed data, Internet, paging and other enhanced communications services in the United States. In addition, CCC GlobalCom Corporation has franchise operations in Colombia -- South America. CCC GlobalCom Corporation offers services into Indonesia that include the termination of calls, such as phone-to-phone, fax, data, unified messaging services, short message service, e-mail, voicemail and other enhanced services, as well as pre-paid calling card service. In addition, CCC GlobalCom Corporation has been named as the preferred clearinghouse for VoIP traffic terminating in Indonesia. CCC GlobalCom Corporation is actively seeking opportunities to acquire existing telecommunication service providers, customer bases and major telecommunication switching equipment to be deployed worldwide. Statements in this release, which express a belief, expectation or intention, as well as those, which are not historical fact, are forward-looking. They involve a number of risks and uncertainties, which may cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include factors detailed from time to time in the company's filings with the Securities and Exchange Commission. For additional information on CCC GlobalCom Corporation, please visit www.cccglobalcom.com. |
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